World · South & Central Asia · 1 hr ago
Pakistani authorities arrest man accused of US postage fraud
Pakistani authorities arrested Faheem Akram over an alleged counterfeit postage scheme targeting the U.S. Postal Service.
U.S. prosecutors say Akram ran LabelsBank.com, which sold more than 5.1 million fake postage labels to over 5,200 customers.
The labels usually cost $2 each, whatever a package’s weight, size or destination, allowing customers to ship items for far less than regular rates.
Prosecutors say the scheme caused more than $126 million in losses to the Postal Service; that figure is not the website’s sales revenue.
Pakistani investigators say Akram operated the site from August 2023 to September 2026 and used 16 bank accounts, including accounts held by relatives.
It is unclear whether Akram will be extradited to the United States or face trial in Pakistan.
Pakistani authorities arrested Faheem Akram, 33, over an alleged counterfeit postage operation that U.S. prosecutors say caused more than $126 million in losses to the U.S. Postal Service.
Authorities said Akram was arrested Tuesday after a weekslong search involving raids in several parts of Pakistan.
U.S. prosecutors allege that Akram ran LabelsBank.com, which sold more than 5.1 million counterfeit postage labels to over 5,200 customers.
The labels typically cost $2 each and let customers ship packages for far less than legitimate postal rates.
It is unclear whether Akram will be extradited to the United States or face trial in Pakistan.
- Who
- Faheem Akram, 33, was arrested. U.S. prosecutors accused him of running the operation.
- What
- Pakistani authorities arrested him in connection with an alleged counterfeit postage scheme.
- When
- Tuesday; the articles do not give the date of the arrest.
- Where
- Pakistan. Akram is a resident of Khanewal in eastern Punjab province.
- Why
- U.S. prosecutors allege his website sold counterfeit postage labels, causing more than $126 million in losses to the U.S. Postal Service.
This story does not have two clearly opposing sides.
Pakistani investigators said Akram began operating the website.
The U.S. Attorney’s Office for the Southern District of Florida said Akram had been indicted.
Pakistani investigators said Akram’s website operation continued through this month.
Pakistani authorities arrested Akram after a weekslong search involving raids in several parts of the country.
- Accused
- Faheem Akram, 33
- Website
- LabelsBank.com
- Counterfeit labels
- More than 5.1 million sold
- Customers
- More than 5,200
- Alleged Postal Service losses
- More than $126 million
- Bank accounts
- 16 used for the business